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Search Results 0 to 10 of about 11 (some duplicates have been removed)
's economy has continued to grow while the rest of europe has slowed. >> that growth is now so minimal that economists say 2013 next year could see a return to recession. still, german businesses shrugging off that possibility. >> business managers are upbeat about their future. >> german business leaders are optimistic that exports will remain strong, and the latest figures back that up. consumer confidence is also surprisingly robust. all the talk of a crisis in the eurozone does not seem to have dented people's desire to shock, but growth overall is beginning to falter -- the talk of a crisis does not seem to have dented people's desire to shop. the eurozone as a whole has fare worse with zero growth at the start of the year and then downhill from there. that has a knock on effect for german companies. so far, though, the german economy is weathering the storm. >> that news sent stocks in germany higher in what has been a bit of a winning streak recently. our correspondent has more from frankfurt. >> traders did not spend much time looking back on the slowdown of the german economy,
to go into the real economy. >> as we saw in our report, greeks are out protesting against this deal. what with the public like to see instead? >> i think the biggest thing they would like is some sense that the unemployment issue is going to be addressed. the protests we saw today were mainly involving municipal workers, city hall workers. not just in athens, as about 2/3 of city halls around the country were shut. many of those workers will be laid off between now and the end of the year. the government is finding it very hard to get the mayors of those city halls to send in the list of names of people who have to be laid off. >> thanks so much for the update. germany is a top lender to greece, and lawmakers are expected to approve the release of berlin's contribution immediately. still, there are deep suspicions that talks of a debt write-down have been delayed until after next year's german elections. >> the deal would be put to vote on thursday or friday. >> it is not an easy sell for the defense of the idea of letting greece buy back its bonds at below market value. >> it is im
assurances that the nation's economy is sound after u.s. credit rating agency moody's stripped them of their prize the a.a.a. status. this follows the cut by standard and poor's and it was expected. >> hollande is trying to revive the eurozone the second-largest economy. moody's had nothing good to say about france's economic prospects. they say the country has become less competitive and its labor market has turned staid. they say this makes them more bolt -- vulnerable to turbulence elsewhere in the eurozone. the french finance minister moscovici rejected the you downgrade. >> this does not put into question the fundamentals of our economy or reforms utaken hat by the government. it does not? creditworthiness. >> he blames the previous french government for failing to balance the budget. nonetheless, he says the downgrade is exaggerated. private u.s. rating agencies like moody's are subject to much flak in europe. critics say they gave ailing wrote u.s. banks operating as in 2008. many want the establishment of an independent rating agency instead. >> the european markets take the
of the arguments when it comes to the you relate to the economy. -- most of the arguments when it comes to the e you relate to the economy -- most of the arguments when it comes to the eu. >> i think we're just failing to allow a lot of the time, and then our own country is suffering. we're too busy dealing with everyone else. am i think the -- >> i think the eu has a lot to do to get itself out of trouble. >> those in favor of the eu are in the minority here, but they are part of. one growth organizes cultural exchanges -- one group organizes cultural exchanges. they are going to supply the local christmas market with wine from their local german city. >> i feel part of europe, rather than british particularly, but then may be i am the odd one. who is to say. >> although he is a fervent european, he thinks he is likely to remain the odd one out for some time to come. >> the government situation, and employment, the general economic situation, and generally, you look for scapegoats, and europe is a good scapegoat. >> even today, many britons think the enemy is on the continent in brussels. them
economy -- due to concerns. >> there are talks in brussels, and it was on the minds of traders. we have this summary from the frankfurt stock exchange. >> the negotiations about the rescue package for greece our way and down on the share markets at the beginning of this week. traders are hoping that there will not be a long term -- that there will be a long-term solution but only the euro showed that investors seem to be rather optimistic. the hero has been quite strong today. optimism also for the german economy. the german consumer confidence has been stronger than expected. some investors hope now that german consumers buy more christmas presents than they have before. >> a quick look at some market numbers now. dax closing down 0.25%. euro stoxx down. the dow jones is currently down about 0.5%. the euro was trading for $1.2961. swiss bank ubs has been fined 37 million euro for regulation and failures lead into a rogue trader losing billions for the company. >> the employee was convicted of fraud dance that -- sentenced to seven years in prison. they describe the risk control systems
- largest economy is starting to pick up after months of slowdown. also fueling optimism is a slew of positive trade, investment, and sales figures. it is the moment that shook the financial markets -- the collapse of lehman brothers investment bank back in 2008. >> many thought all was lost for its german subsidiary company as well, which went bust as well, but that has not been the case. the company's liquidators have raised more than 15 billion euros. that means it could be 80% of its creditors' demands, however, some hedge fund managers are demanding more. well, it is very dark here in northern europe right now, but there is something you can do about that, mainly with electric light, believe it or not. >> after the break. >> thanks for staying with us. >> welcome back. we take a look now at the biggest terrorism case in germany in tickets, one with allegations of a cover-up and a new not to sell suspected of going on a racially motivated killing spree. >> the national socialist underground went undetected for years, but a parliamentary committee is questioning a former interio
have difficulties in meeting the payments on other bonds. latin america's third biggest economy could be headed for another debt crisis. >> they certainly have the power to send the financial markets into a tailspin. we are, of course, talking about the ratings agencies. >> after years of dithering and delays, brussels has agreed to a set of controls designed to limit their influence, but critics call it a miniature reform that misses the mark. >> weather it is greece, spain, portugal, or italy, eurozone crisis countries have had credit ratings consistently downgraded by the major ratings agencies. a lower credit rating usually means countries have to pay higher interest on any loans they take out. they can also cause turbulence in financial markets. the european union has introduced new rules to limit their effect. other agencies will have to publish their ratings outside of stock exchange opening hours. i also have to disclose the criteria by which they make decisions, and the rules should make it easier for agencies to be sued if they have made errors when reading a country's credi
Search Results 0 to 10 of about 11 (some duplicates have been removed)